Patrick Creadon and Christine O'Malley (Wordplay) are working on a documentary to examine the expansive topic of the U.S. federal debt for Open Sky Entertainment.

The film, from the husband and wife team, will be based loosely on the writings of Bill Bonner, Addison Wiggin and Kate Incontrera, editors of the financial newsletter The Daily Reckoning, notes The Hollywood Reporter.

Creadon will write and direct the new documentary, and O'Malley will co-write and produce; they're putting together a nonpartisan advisory committee of government and business leaders to advise on the film. Shooting will begin immediately with a possible 2008 release.